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1 April 2024 | 7 replies
Kellie I'm closing escrow on my first mobile home flip on the 14th, i'm a little scary of the unknown but excited about the fundimentals of the deal.
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1 April 2024 | 5 replies
My concerns with delayed financing are the double closing costs.I don't understand the mechanics of the different loans and what the tax benefits are of the different options.Thanks to everyone who has replied to my previous questions.
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1 April 2024 | 6 replies
They comb through condo docs and we had to involve our attorney which cost us closing time on the last unit.Good luck!
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1 April 2024 | 6 replies
Typically you need 30% down, expect a minimum of 3 points, loan amount greater than $100k and the term is typically amortized over 20 years.One Time Close Construction Loans: These are becoming more popular, but can absolutely be a pain in the butt.
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1 April 2024 | 8 replies
A strategy I try and use is to push closing dates or pull them in to the beginning of the month to give you that extra time up front before the 1st payment is due.
1 April 2024 | 4 replies
Account Closed Given the seller is willing to finance 70% of the purchase price of $1.8M ($1.26M) that means you need to come up with $540,000 + settlement costs, reserves and a budgetary number for repairs unless the property does not require any improvements or upgrades.
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1 April 2024 | 15 replies
If you are this close to the border or cost you need to purchase through a corporation or through a bank trust (Fideicomiso - Think of this trust to be similar to an inheritance trust or a living family trust in the US.)At all times you are the legal owner of the property, the best way to see it is as a permit or license that allows you to purchase, use, enjoy, rent, renovate, inherit, etc. a property in this zone.
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1 April 2024 | 6 replies
you'd need 25K plus closing costs.
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1 April 2024 | 3 replies
I bought this property from a national wholesaler whom I have worked with closely.
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1 April 2024 | 6 replies
Yeah, we have done everything we can already to try to make it work but we just don't want to get too close to being at risk since we only have about 3 months left of reserve.